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South Bend Redevelopment Commission <br />Regular Meeting -April 3, 2009 <br />Additional funds from HUD's Economic <br />Development Initiative grant will be used for <br />site prep at the Oliver site. <br />The staff recommends approval of the <br />Agreement. Underground Pipe R; Valve is a <br />strong, locally owned business. This <br />Agreement allows them to relocate to a <br />nearby location in order to continue to serve <br />their customers and provide tax base and jobs <br />to the City of South Bend. <br />Purchase of the former foundry will complete <br />the Commission"s acquisition of former <br />Studebaker buildings south of Sample Street. <br />It will further the goals of City Plan by <br />redeveloping a brownfield site and retaining <br />an existing business within South Bend. <br />Ms. Kolata noted that the Agreement the <br />Commissioners have read is not in final <br />form. Language concerning the <br />enviromnental condition of the Oliver site is <br />still being fine tuned. She asked that the <br />Commission approve the agreement in <br />concept. <br />Upon a motion by Mr. Downes, seconded by <br />Ms. King and unanimously carried, the <br />Commission approved in concept the Real <br />Estate Purchase and Site Work Agreement <br />with 1 100 Corporation, subject to the final <br />document being approved by legal counsel. <br />C. West Washington-Chapin Development Area <br />There was no business in the West Washington- <br />Chapin Development Area. <br />D. South Side Development Area <br />COMMISSION APPROVED IN CONCEPT THE REAL <br />ESTATE PURCHASE AND SITE WORK <br />AGREEMENT WITH 1 100 CORPORATION. SUB.IECT <br />TO THE FINAL DOCUMENT BEING APPROVED BY <br />LEGAL COUNSEL <br />There was no business in the South Side <br />